Rapid City Sublease

Rapid City

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,350
As of: December 7, 2016

Rapid City Rates

The typical asking rate per listing is in the $10's per square foot per year. The Rapid City region is seeing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 10% decrease in rent.

Rapid City Listing Supply

In the last 90 days, 6 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,350 sqft. Most properties in this region are close to 3 floors. Most buildings in this market were built in 1981 and are Class B.

Rapid City Community

Market Report

Trends and status of the commercial real estate market in Rapid City.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Rapid City.
Research

Pennington County Submarkets